OMG- The Rare Earth

So apparently China has control of 97% of the world’s production of rare metals (elements) that make up your cell phone, PC, MISSLE SYSTEMS. They are cutting off 30% production to Japan, EU, US. Thank you to all who bought mortgages that couldnt pay for them , thereby making the private debts of the lenders AND debtors be absorbed by a government who now is at the Mercy of the YUAN and Rare Metals now. This will be the first of many to come.. In the meantime Im researching MolyCorp (NYSE: MCP). Perhaps the High Frequency traders have not yet jumped on the bandwagon.

SHANGHAI—Chinese officials are signaling plans to further reduce rare-earth exports next year, sustaining its controls of the metals—key ingredients in high-technology batteries and defense products—that have already severely frustrated foreign governments.